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FTSE 100 Index Price Forecast July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:08 GMT+00:00
The FTSE 100 initially tried to rally during the session on Friday, but found enough resistance at the 24-hour exponential moving average to turn around
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The FTSE 100 initially tried to rally during the session on Friday, but found enough resistance at the 24-hour exponential moving average to turn around and start falling. The 7300-level underneath should continue to be supportive, so I think that a market move to that level should be expected, and a breakdown below the 7300 level should cause the market to break down even further. Ultimately, I think that given enough time the FTSE 100 will start to find support. There is a lot of choppiness, I believe that volatility will continue to be the case.
FTSE 100 Video 03.7.17
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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